Citizens Financial Earnings Rise on Loan Strength -- Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Julie Steinberg And Angela Chen Citizens Financial Group Inc. reported a 30% increase in fourth-quarter profit as strength in retail and commercial loans pushed up net interest income for the regional lender. The Providence, R.I., firm, which sold shares ...

Putin Blames Kiev for Violence

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By James Marson MOSCOW--Russian President Vladimir Putin blamed an escalation in violence in eastern Ukraine on the pro-Western government in Kiev, taking a hard line as U.S. and European leaders said they could tighten sanctions against Moscow unless it reins ...

Banks Reach Settlement Over Sino-Forest Stock Sale

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Ben Dummett TORONTO--A group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars ($26.1 million) to settle claims related to their role as underwriters to help Sino-Forest Corp. sell stock, in what ...

Asian Shares Gain on Muted Reaction to Greek Vote

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

Asia stocks were mostly higher Tuesday after European and U.S. markets offered a muted reaction to elections that brought the antiausterity Syriza party to power in Greece and set up a clash between the country and its creditors. The Nikkei ...

Russia, Kazakhstan Acquire More Gold

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

SYDNEY--The central banks of Russia, Kazakhstan and Belarus topped up their official gold reserves last month, while countries including Tajikistan and Mozambique cashed in some of their holdings as gold prices rose, data from the International Monetary Fund show. Emerging ...

Houlihan Lokey Opens Australian Office

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Ross Kelly U.S. investment bank Houlihan Lokey said Tuesday it has opened an office in Australia, hoping to fill a gap left by rivals that are slimming their operations Down Under as the local economy slows. In its first ...

Syriza Finds Ally in Right-Wing Party -- 2nd Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Stelios Bouras And Alkman Granitsas ATHENS-- Alexis Tsipras, sworn into office as Greece's new prime minister a day after his radical leftist Syriza party won a resounding election victory, swiftly forged a coalition government with the aim of shedding ...

Europe Holds Firm on Greek Bailout Terms -- 3rd Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Matthew Karnitschnig in Berlin and Gabriele Steinhauser in Brussels Greece and its creditors veered toward confrontation as its new, leftist government pledged to make good on promises to reverse years of public-spending cuts despite warnings from Berlin and other ...

China Lowers 2015 Industrial-Output Growth to Around 8%

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BEIJING--China has lowered its target for industrial-output growth to around 8% this year from 9.5% in 2014, an official at the industrial ministry said Tuesday. Meeting the target will still be a challenge for the government given China's slowing economy, ...

China Aims to Create 10 Million Jobs This Year

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BEIJING--Premier Li Keqiang has pledged to create at least 10 million jobs this year, keeping the target unchanged from last year, despite China's slowing economic growth. China's economy created 13.22 million new jobs in its urban areas last year, but ...

Yahoo Holders Await Plan for Alibaba Assets

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Douglas MacMillan And David Benoit Marissa Mayer on Tuesday is expected to unveil her plan for Yahoo Inc.'s valuable Asian assets, an announcement that could determine whether the embattled chief executive buys herself more time with shareholders or invites ...

China Lowers 2015 Industrial-Output Growth to Around 8%

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BEIJING--China has lowered its target for industrial-output growth to around 8% this year from 9.5% in 2014, an official at the industrial ministry said Tuesday. Meeting the target will still be a challenge for the government given China's slowing economy, ...

Chinese Movie Star Zhao Wei Buys Stake in Alibaba Pictures

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

Chinese movie star Zhao Wei has bought a stake in Alibaba Group Holding Ltd.'s (BABA) movie-production unit for around 3.09 billion Hong Kong dollars ($399 million). Ms. Zhao and her husband Huang Youlong on Dec. 20 bought 1.93 billion shares ...

Japan's Amari Says BOJ Needs More Time to Hit Inflation Goal

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

TOKYO--Japan's economy minister Akira Amari said Tuesday that it will take more than two years for the Bank of Japan to achieve its 2% inflation target, given big falls in oil prices that will affect overall consumer prices. Speaking at ...

Correction to U.S. Crude Tests New Lows Story Monday

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

The Federal Reserve is scheduled to release its latest policy meeting statement this week. "U.S. Crude Tests New Lows as Greek Elections Weaken Euro" published at 0608 GMT Monday incorrectly said the Fed would release its latest meeting minutes this ...

Siemens Chief Faces Heat On Price For Equipment Maker

TODAY: Jan. 27, 2015 PUB DATE: Jan. 26, 2015

(FROM THE WALL STREET JOURNAL 1/26/15) By Christopher Alessi At Siemens AG's annual general meeting in Munich on Tuesday, shareholders likely will grill Chief Executive Joe Kaeser over the price he agreed in September to pay for U.S. oil equipment ...

Syriza's Challenge: an Empty Treasury

TODAY: Jan. 27, 2015 PUB DATE: Jan. 26, 2015

The clock is ticking for Syriza--the victorious antiausterity party in Greece's elections--to strike a deal with creditors to keep Greece solvent and in the euro. It wasn't clear yet late Sunday whether the left-wing party had won more than half ...

Leftists Sweep to Power in Greece -- 5th Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 26, 2015

By Charles Forelle, Nektaria Stamouli and Alkman Granitsas ATHENS--Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of ...